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Daily Crunch: KKR invests $500M into Box

Box gets some financial ammunition against an activist investor, Samsung launches the Galaxy SmartTag+ and we look at the history of CryptoPunks. This is your Daily Crunch for April 8, 2021.
The big story: KKR invests $500M into Box
Private equity firm KKR is making an investment into Box that should help the cloud content management company buy back shares from activist investor Starboard Value, which might otherwise have claimed a majority of board seats and forced a sale.
After the investment, Aaron Levie will remain with Box as its CEO, but independent board member Bethany Mayer will become the chair, while …

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Daily Crunch: Google I/O will return virtually next month

Google announces its I/O plans, Facebook tests an audio Q&A feature and Patreon triples its valuation. This is your Daily Crunch for April 7, 2021.
The big story: Google I/O will return virtually next month
Google canceled its giant developer conference last year during the pandemic. This year, the show will return in virtual form, from May 18 to May 20. It will be free and open to all.
Google is following the lead of companies like Apple (which is holding a virtual WWDC in June) and Microsoft (which will hold a virtual Build from May 25 to 27).
The tech giants
Facebook …

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Daily Crunch: The Supreme Court sides with Google in Oracle suit

The Supreme Court announces several tech-related rulings, LG will shut down its smartphone business and we take a deep dive into the story of StockX. This is your Daily Crunch for April 5, 2021.
The big story: The Supreme Court sides with Google in Oracle suit
The U.S. Supreme Court announced a couple of tech-related rulings today. In one, it overturned Oracle’s victory in its copyright battle with Google, which would have otherwise required Google to pay Oracle $8 billion for incorporating pieces of Oracle’s Java software language into the Android mobile operating system.
“In reviewing that decision, we assume, …

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Daily Crunch: Apple Arcade expands with classic games

Apple adds classic titles to Apple Arcade, Microsoft experiences an outage and Coinbase is going public. This is your Daily Crunch for April 2, 2021.
The big story: Apple Arcade expands with classic games
Until now, Apple’s game subscription service was limited to exclusive new titles, but today it’s introducing two new categories: App Store Greats (popular iPhone games like Monument Valley+, Fruit Ninja Classic+, Cut the Rope Remastered and Badland+) and Timeless Classics (board games and puzzle games, such as Backgammon+ and Chess Play and Learn+).
This is a major expansion to the Apple Arcade back catalog, but it’ …

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Daily Crunch: Tiger Global raises one of the biggest venture funds ever

Tiger Global closes a $6.65 billion fund, Facebook gives users more tools to encourage COVID vaccination and iPhone app spending continues to grow. This is your Daily Crunch for April 1, 2021.
The big story: Tiger Global raises one of the biggest venture funds ever
Investment giant Tiger Global had already announced that it was raising $3.75 billion for its thirteenth venture fund, but a new SEC filing showed that it ended up raising much more than that — $6.65 billion.
Perhaps that’s no surprise, given how active the firm has been. Just this week, it’s been announced as the lead or co-lead in …

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Daily Crunch: Facebook makes it easier to view a non-algorithmic News Feed

Facebook has some thoughts and updates about its News Feed, Siri gets some new voices and Tonal becomes a unicorn. This is your Daily Crunch for March 31, 2021.
The big story: Facebook makes it easier to view a non-algorithmic News Feed
Facebook highlighted features today that should make it easier for users to see a version of the News Feed that isn’t shaped by the company’s algorithms. These include a Favorites view that displays posts from up to 30 of your favorite friends and Pages, as well as a Most Recent view, which just shows posts in chronological order. Some …

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Daily Crunch: Google starts testing its cookie alternative

Google tries out new ad targeting technology, PayPal adds cryptocurrency support and Substack raises additional funding. This is your Daily Crunch for March 30, 2021.
The big story: Google starts testing its cookie alternative
Google announced today that it has begun rolling out a new technology called Federated Learning of Cohorts (FLoC) in a developer trial. FLoC is meant to serve as an alternative to personally identifiable cookies (which are being phased out by Google and other platforms), with Google analyzing your web browsing behavior and grouping you with other people who have similar interests, for ad-targeting purposes.
The trial is starting …

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Daily Crunch: Boston Dynamics shows off its next commercial robot

We’ve got the details on Boston Dynamics’ upcoming warehouse robot Stretch, Apple releases security patches and Cazoo is going public via SPAC. This is your Daily Crunch for March 29, 2021.
The big story: Boston Dynamics shows off its next commercial robot
Boston Robotics continues its transformation from research organization to commercial robotics company: Stretch is the company’s commercial version of Handle, a wheeled robot that could navigate around objects and pick up a 100-pound crate. With Stretch, the wheels have become less prominent, while the team has added a “perception mast” that allows the robot to see while it …

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Daily Crunch: Amazon makes PR push ahead of union vote

Amazon pushes back against unionization, WeWork eyes the SPAC route and there’s new spyware on Android. This is your Daily Crunch for March 26, 2021.
The big story: Amazon makes PR push ahead of union vote
Workers at Amazon’s fulfillment center in Bessemer, Alabama (a suburb of Birmingham) will vote next week on whether to unionize. In the meantime, Amazon is waging an aggressive PR campaign against the effort and the politicians who support it.
For example, in a response to news that Senator Bernie Sanders would be visiting Amazon workers, executive Dave Clark tweeted, “I welcome @SenSanders to Birmingham …

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Daily Crunch: Zuckerberg defends Facebook over role in Capitol attack

Tech executives face Congress, Spotify gets a redesign and Snapchat is developing a new Remix feature. This is your Daily Crunch for March 25, 2021.
The big story: Zuckerberg defends Facebook over role in Capitol attack
Facebook’s Mark Zuckerberg, Twitter’s Jack Dorsey and Google’s Sundar Pichai appeared at a hearing today with the House Energy and Commerce Committee on the theme of misinformation, particularly the role that their platforms may have played in the Capitol attack by allowing lies and extremism to spread.
In his opening statement, Zuckerberg advocated for reforms to Section 230 and said that Facebook “did our …

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